Start preparing for a buy-on-dips approach: Anand James explains why

"The writing is on the wall with 18300 on the horizon. There are two opportunities ahead of us. One, play for a bounce off 50 DMA, near which we have closed for the last two days. Second, prepare for a buy on dips approach, while taking cues from the fact that even a tiresome bear phase that unfolded in Dec 2022, when similar conditions prevailed, lasted only for three months."

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